Chandigarh Housing Board allottee can buy from open market too

The Chandigarh Housing Board (CHB) in its board meeting on Wednesday decided that the allottee of a house will now be allowed to buy another from the open market but he cannot apply in the draw for the same purpose.TNN | October 15, 2015, 13:00 IST

The Reserve Bank can buy $9 billion according to the balance of payments estimates and after assuming the Brent crude to be at $110 a barrel, its economist Indranil Sen Gupta said.CHANDIGARH: The Chandigarh Housing Board (CHB) in its board meeting on Wednesday decided that the allottee of a house will now be allowed to buy another from the open market but he cannot apply in the draw for the same purpose. The board also decided to give bonus to employees of the CHB.

Significantly, the decision to allow CHB allottees to purchase property through the open market has come as a respite for such allottees and it was one of the key demands of various residents welfare associations and common public. Sources said earlier if they had to buy any property they used to take it on the name of some other person.

The board has also decided to keep the issue to fix grilles outside the houses pending for a time being and decided that architects of CHB and administration will discuss the issue in detail in the coming days.

Meanwhile, a meeting of the master plan of the administration was held on Wednesday. The urban planning department gave the presentation to tell which plots or areas in the city were lying vacant.

Currently, the Goods and Services Tax (GST) is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.